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Counter-procedures CFD brokers stranded

A counter-offensive by the providers of CFD products has been halted. The judge in Cyprus refuses permission to take Dutch consumers to court. fake ads These are providers of contracts for difference (CFDs) from Cyprus who sell these investment products through fake advertisements about bitcoins and famous people. Last year, several Dutch courts declared themselves competent to hear cases against these parties. The stake is now more than € 8,000,000. Which judge? The CFD brokers [...]

Hupkes advocaten2022-08-17T17:50:47+01:0020 April 2021|Contracts for Difference (CFD Providers), Investment Fraud & Boiler Rooms|

What is a “money mule”?

A money mule or “money mule” is a person who makes his checking account available to a criminal to receive and transfer criminal loot. If the criminal approaches the money mule, the crime (in which the bank account of the money mule plays a central role) has yet to be committed. The damage can be high.

Hupkes advocaten2024-03-07T16:54:37+01:0030 December 2020|Duty of Care Banks, Fraud & Deception, Terminology|

How to recover money from a Dutch bank in case of fraud?

It regularly happens that international fraud is committed with the help of a Dutch bank account, which is used to receive and pass on money. What does this form of fraud look like and what can be done about it? International invoicing fraud Several parties are involved in this form of fraud. In the first place, a party that trades with another party. For example: an Italian company does business with a company in Great [...]

Hupkes advocaten2022-08-17T17:51:38+01:0028 December 2020|Fraud & Deception, Invoice & CEO Fraud|

Developments in the lawsuits against the CFD brokers from Cyprus

Lawsuits are pending in various Dutch courts against sellers of CFDs (contracts for difference) from Cyprus. Victims have lost a lot of money, with peaks of up to 800,000 euros. Most victims say they ended up at the CFD brokers through a fake advertisement with a well-known Dutch person. What are the developments in these lawsuits?

Hupkes advocaten2023-09-08T11:03:54+01:0021 July 2020|Contracts for Difference (CFD Providers)|

Renting out your Dutch house; three major major pitfalls

In recent times, the population of major Dutch cities has become more and more international. However, finding decent and affordable accomodation is not easy in the Netherlands, particularly in the cities. Dutch housing market has been more than tense for quite some years now, traditionally in the western part of the country, but more and more in other parts too. Ownership of a house has been stimulated by the government for decades, and as a [...]

Hupkes advocaten2022-08-17T17:52:49+01:0019 June 2020|Disputes about Residential Property, How To|

Victims of fake advertisements can litigate in the Netherlands

The Limburg court has declared itself competent in a case of a victim of fake advertisements against the seller of CFD products from Cyprus. The provider stated that the victim was a professional investor and had to go to Cyprus for the lawsuit. The court disagrees.

Hupkes advocaten2022-08-17T17:53:29+01:006 June 2020|Contracts for Difference (CFD Providers), Judgments|

I am disinherited, now what?

You are always entitled to part of the inheritance if you are disinherited through a will. The portion you are entitled to is called the legitimate portion. Inheritance lawyer Diederik Ruys explains what you can do if you are faced with a disinheritance.

Hupkes advocaten2024-03-07T16:55:20+01:0021 May 2020|Inheritance & Legacies|

Paying investments with bitcoins?

Pay with bitcoins? Then it could be fraud. We are seeing a strong increase in fraud with investment products via cryptocurrencies at our office. If an "investment firm" asks you to pay "investment" via bitcoins, which you must first purchase via a "wallet" at a (reliable) company, realize that fraudsters have their reasons for not getting paid via the bank . Anonymously Payments with cryptocurrencies can be transferred more anonymously and faster to a wallet [...]

Hupkes advocaten2022-08-17T17:55:35+01:0010 May 2020|Contracts for Difference (CFD Providers), Cryptocurrencies, Investment Fraud & Boiler Rooms|

Dutch Civil Litigation

In the Netherlands most cases begin in the district court (“rechtbank”). Appeals against decisions of the district court can be heard at one of the four high courts (“gerechtshof”). Above the high courts is the supreme court, the High Council of the Netherlands (“Hoge Raad”) Summary proceedings In the Netherlands, “summary proceedings” is a popular procedure intended to quickly provide clarity regarding legal disputes. Just as in other countries, court cases can take a long [...]

Hupkes advocaten2022-08-17T17:56:46+01:0020 April 2020|Appeal, How To, Summary Proceedings|

What is a boiler room?

A boiler room is a criminal organization that extorts money from people through fake investments. Boilerrooms disappear after a while and the loot is often hard to find after that. Method There is not one typical method for this criminal activity. Many boiler rooms approach their victims by telephone and persuade them to invest via a website. This website can give access to a (fake) account where the victim is led to believe that his [...]

Hupkes advocaten2022-08-17T17:57:24+01:0029 September 2019|Duty of Care Banks, Investment Fraud & Boiler Rooms, Terminology, Unlawful Act|

Does a bank have a duty of care towards third parties?

When you think of a duty of care of banks, you think in the first place of the customers. But the duty of care can also relate to third parties. For example, a customer of the bank can be a swindler, who uses the checking account to receive deposits from victims, after which that money is funneled away. Can you sue the bank for the damage? Is the bank expected to monitor suspicious transactions from its own customers to protect non-customer third parties?

Hupkes advocaten2022-08-17T17:58:46+01:003 May 2019|Duty of Care Banks, Liability, Unlawful Act|

How to recognize investment fraud

Suppose you are called to start investing and it seems like something to you. You look at the website and it looks good. You can start with a low amount and your investments will go well. You get a call again, and you're tempted to make some more. But you still have doubts, because the company is abroad and you wonder if it isn't too good to be true. How do you recognize whether you may be dealing with a "boiler room"? In this article we give 9 tips on how to spot an unreliable investment website. Investment fraud is common. It happens to both novice investors and experienced investors who embark on an adventure with CFDs (contracts for difference) and Forex products. These are our tips!

Hupkes advocaten2024-03-20T12:14:52+01:008 April 2019|Cryptocurrencies, How To, Investment Fraud & Boiler Rooms|

Legal terms of appeal

What does it mean? Terminology Different terminology is used in the court of appeals than in the district court. This page provides an overview of legal terms and concepts. Also review the appeal checklist. Project KEI An automation project of the courts. Starting in 2018, all cases would be litigated digitally. The difference between subpoena and petition cases would narrow and the terminology would begin to change. The project has since been discontinued so the [...]

Hupkes advocaten2024-03-07T16:55:51+01:0019 January 2019|Appeal, Terminology|

Fraud with bonds: what are “empty shells”?

The term empty shell stems from the financial world. It can relate to securities (such as, for instance, trackers or bonds) that do not have a countervalue approaching the nominal value or official exchange rate because the deposit on issue has not flowed into the capital of the issuing entity. Special purpose vehicle An example from legal practice of an empty shell is a bond loan that is not fully paid up by the enterprise [...]

Hupkes advocaten2024-03-07T16:57:01+01:0014 January 2019|Fraud & Deception|

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